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Bangor University

Transfer Abroad Undergraduate Programme

Module Implementation Plan

MODULE: ACF-231 Management Accounting

ACF-232 Control & Decision Accounting

LECTURER: Cynthia L.M. Fortin

INTAKE: 2012 SEMESTER: 6

ACTIVITY TYPES: Lecture, presentation, quiz, exam, workshop

Start Date: Apr 6, 2015

End Date: Apr 30, 2015

Year Semester Academic weeks Module Code Module Name Credits Lecture hrs/week Tutorial Hrs/week Weeks

III 2015

Spring

Week 9~12

2015/04/07—

2015/04/30

ACF-231 Management Accounting 10

Mon-Fri

0830-1130

Mon-Fri

1430-1530

4

ACF-232 Control & Decision

Accounting

10

Course Detail: This module teaches students to apply judgment and techniques in the analysis of relevant data to provide management with information required to contribute to

strategic planning, control, and decision making situations. Students will require a good understanding of management accounting, and will be required to apply

the principles and techniques covered in financial accounting. Understanding is assumed of how to interpret accounting information.

On completion of this module, the student should be able to understand the nature and purpose of management accounting, understand how to design a system

and approach to management accounting to meet corporate objectives, identify information suitable for decision making, forecast and analyze full financial

statements (Income, Balance Sheet and Cash Flow) including operational metrics, control and performance measurement in a variety of business situations, use

management accounting systems in pricing and other decisions, and assess corporate performance based on information in financial reports.

Assessment

Assessment Types Date Value

Class Participation Daily quiz on short videos 10%

ACF231 Assessment April 17 30%

Team Assignment Presentations Apr 26 20%

ACF 232 Assessment Apr 30 40%

Week Activity

Type

Scheduled

Contact

Hours

Activity Details Core Reading +

Additional

Reading

Learning outcomes Student preparation

for tutorial Student preparation

for next day’s class

Week 01

Tuesday Apr 7

Lecture 3 hr Day 1 Lecture Management accounting framework

Prologue, Brewer, Garrison,

Noreen.

+ lecturer slides

Discuss:

Scope of managerial accounting

Managers’ skills to succeed

Role of ethics and corporate social

responsibility.

Prepare discussion to

planned questions.

Tutorial 1 hr Team assignment details

Planned questions 1,3,4,7,9,14, and 15 Overview financial statements.

Brush up on financial

statement content. Read slides chapter 12.

Wednesday Apr 8

Lecture 3 hr Day 2 Lecture Statement of cash flows, indirect method

Concepts, examples, and interpretation.

Chapter 12, Brewer, Garrison,

Noreen.

+ lecturer slides

Understand the effect on cash of changes in balance sheet accounts.

Reconcile where cash went from amounts

in balance sheet and income statement

accounts.

Classify changes in acceptable categories.

Determine net cash change.

Prepare report: Cash flow statement.

Explain reasons of increase or decline in cash balance.

Walkthrough review

problem. Work on solutions of

planned problems.

Tutorial 1 hr

Team assignment: students identify team

members, decide which company, and provide

website url. Each team meets lecturer to discuss choice and process.

Planned problems 12-1 to 12-4 and 8A.

Refresh knowledge of

Financial statement content.

Read slides chapter 13.

Thursday

Apr 9

Lecture 3 hr Day 3 Lecture

Financial statement analysis

SWOT Analysis Industry comparison

Vertical and horizontal analysis

Comments and recommendations.

Chapter 13,

Brewer, Garrison,

Noreen. + lecturer slides

Work with several sources of information.

Read and interpret financial statements.

Understand the meaning of ratio analysis.

Compute ratios useful for stockholders, short-term, and long-term creditors.

Prepare comprehensive reports.

Walkthrough review

problem.

Work on solutions of

planned questions,

exercises, and problems.

Tutorial 1 hr Foundational I5

Planned questions: 13-3 to 9 Planned exercises: 13-1, ,210

Planned problems: 11A, 12A.


Listen to assigned video: Managerial Accounting

Today - Pizza Hut.

Friday

Apr 10


Managerial accounting and cost concepts Cost terminology

Identify which costs apply to which purposes


Chapter 1,

Brewer, Garrison, Noreen.

+ lecturer slides

Develop ways of looking at costs.

Predict how costs behave: fix, variable,

direct, and indirect.

Understand concept of relevant range.

Estimate, compute costs, and interpret graphs.

Evaluate effect of volume changes.

Prepare traditional income statement and

contribution income statement

Walkthrough review

problem.


planned questions, exercises, and problems.

Tutorial 1 hr F I5

Planned exercises: 1-1,2,3,5,6, 12

Planned problem: 1-15A, 16A, 21A.

Review problems chapters

12, 13 and 1.


Listen to assigned video: Job costing - Making a

movie.

Week 02

Monday

Apr 13


Job-order costing system Accumulate labor and materials costs

Allocate overhead to jobs

Illustrate flow of costs – manufacturing and accounting.

Chapter 2,


+ lecturer slides

Understand what to include in overhead and how to allocate to product cost.

Compute total cost and average cost per unit of a job.

Record transactions.

Understand effect of overhead drivers.

Prepare schedule of cost of goods manufactured and sold.

Prepare absorption costing income

statement.

Walkthrough review

problem.



Tutorial 1 hr F I5

Planned exercises2-1, 2,3,6,7,8,12.


Listen to assigned video:

Precor Activity-based costing

Tuesday Apr 14


Activity-based costing Compare to traditional costing

Classify activity drivers

Comment, evaluate and promote relevant activity measures.

Chapter 3,

Brewer Brewer, Garrison,

Noreen.

+ lecturer slides

Understand how and where to assign overhead cost more accurately.

Calculate overhead rate per activity and

allocate.

Compute total cost and average cost per

unit.

Compare to traditional costing.

Evaluate changes in profitability decisions.

Walkthrough review

problem.



Tutorial 1 hr F I5 Planned exercises 3-10

Planned problems 3-12A, 3-17A.

Read slides chapter 4. Listen to assigned video:

Process costing - Jones

Soda.

Wednesday

Apr 15


Process costing system

Compare to job-order costing system Allocate overhead to process.

Chapter 4,

Brewer


+ lecturer slides

Illustrate flow of costs and record

transactions.

Evaluate changes in work in process

accounts and balances.

Prepare cost reconciliation report.

Walkthrough review

problem.


planned questions,


Tutorial 1 hr F I5

Planned exercises 4-2, 3, 7, 9.

Planned problems 4-13A.



Cost Volume Profit: Southwest Airlines

Whole Foods.

Thursday

Apr 16


Cost Volume Profit analysis Contribution margin approach

Break-even point and target profit, costing and

pricing What if scenarios


Chapter 5,


+ lecturer slides

Understand how costs respond to business

activity.

Compute effects of changes on net operating income.

Estimate break-even point in units.

Interpret cost-volume-profit graphs.

Determine sales needed to achieve a desired profit.

Prepare contribution format income

statements.

Evaluate profitability alternatives

Recommend alternative solutions

Walkthrough review

problem.



Tutorial 1 hr F I5,

Planned exercises 5-5, 5-3 Planned problem: Mix of job-order and C-V-P

Read slides chapter 6

Listen to assigned video: Pricing case – Zappos.

Friday

Apr 17

ACF 231

Assessment

2 hr

2 hr

Review

Chapters 12, 13, 1, 2, 3, 4, and 5.

ACF 231 Assessment Read slides chapter 6

Week 03

Monday Apr 20

Lecture 3 hr Day 11 Lecture Variable costing and segment reporting

Compare to absorption costing

Evaluate effect of overhead deferred to inventory


Chapter 6, Brewer, Garrison,

Noreen.

+ lecturer slides

Prepare and compare income statements: variable versus absorption costing.

Prepare contribution format segmented income statements.

Evaluate profit impact of decisions by reconciling costing methods.

Walkthrough review problem.

Work on solutions of planned questions,


Tutorial 1 hr F I5,

Planned exercises 6-14

Planned problems 6-17A, 6-18A, 6-21A, 22A



Budgetary planning –Babycakes.

Tuesday

Apr 21


Master budget and profit planning Purpose of preparing budgets

Overview each part of the master budget

including cash, income statement, and balance sheet.

Chapter 7


+ lecturer slides

Prepare budgets for sales, production, direct materials, direct labor, and overhead, sales and

administrative, along with budgeted financial

statements.

Walkthrough review

problem.



Tutorial 1 hr F I5, Planned exercises 7-1 to 7-13

Planned problems 7-19A

Read slides chapter 8. Listen to assigned video:

Standard costing Starbucks.

Wednesday

Apr 22


Flexible budgets, standard costs, variance

analysis Use of standard costs

Management control systems, performance

measures, and management behavior.

Chapter 8

Brewer, Garrison,


Prepare flexible budgets.

Prepare variance reports: revenues, spending, quantity, price, labor efficiency, and rate

variances.

Explain possible causes for effectiveness and

efficiency variances.

Walkthrough review

problem.


planned questions,



Tutorial 1hr

F I5,

Planned exercises 8-1 to 8-15

Planned problems 8-18A, 8-20A, 8-23A

Listen to assigned videos:

Tribeca Grand Hotel

Budgetary Control and Responsibility Accounting.

Balanced scorecard -

Southwest Airlines.

Thursday

Apr 23


Performance measurement in decentralized organizations

Return on investment

Residual income measures Management motivation

Balanced scorecard.

Chapter 9


+ lecturer slides

Understand ROI and residual income.

Strengths and weaknesses of both measures.

Compute cycle time, throughput time, and manufacturing cycle efficiency.

Construct and understand use of balanced scorecards to recognize the importance of non

financial measures

Walkthrough review

problem.



Tutorial 1 hr F I5,


Planned problems 9-14A to 9-16A

Friday

Apr 24

4 hr Catch up if necessary Read slides chapter 10.


Incremental Analysis: Method.

Week 04

Sunday Apri 26 (to

replace

May 01)

5 hr Team assignment class presentations.

Monday

Apr 27


Differential analysis: key to decision making.

Chapter 10

Brewer, Garrison,


Decisions:

Make or buy

Special orders

Constrained resource

Joint products sell or process further

Walkthrough review

problem.


planned questions,



Tutorial 1 hr F I5,


Planned problems 10-18A, 19A and 21A


Planning for Capital

Investments - Holland American Cruises.

Tuesday

Apr 28


Capital budgeting decisions

Management techniques.

Chapter 11

Brewer, Garrison,


Time value of money, net present value

Total-cost approach

Incremental-cost approach

Ranking projects

Internal rate of return

Payback method

Post audit of projects

Walkthrough review

problem.


planned questions,


Tutorial 1 hr F I5,


Planned problems 11-10A to 13A

Prepare review chapters 6 to

11.

Wednesday Apr 29

Lecture 3 hr Review chapters 6 to 11

Tutorial 1 hr Review chapters 6 to 11

Thursday

Apr 30

ACF 232 Assessment

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